ECP | Luxemburg, 18.09.2020
What if we were to tell you that this large cap company operating in the cement industry has grown its revenue two and a half times in last five years and has EBITDA margins of +30 percent? Exactly, even we did not believe our senses at first. We are talking about Anhui Conch, a Chinese cement manufacturer. It is hard to digest a hyper growth cement manufacturer when we have grown accustomed to mature, low margin and value destroying profile of cement businesses.
Mit freundlichen Grüssen aus Luxembourg
Léon Kirch, CIO & Partner
